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Article 66
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In addition to the cases mentioned in the preceding article, every shareholder shall cease to be one under any of the following circumstances:
- The occurrence of a condition for withdrawal of shares stipulated in the Articles of Incorporation;
- Death;
- Bankruptcy;
- Adjudication of the commencement of guardianship or assistantship;
- Expulsion; and
- Compulsory execution of the shareholder's contribution to the capital by the court.
Where a shareholder shall cease to be one under item 6 of the preceding Paragraph, the execution court shall notify the company and other shareholders two months in advance of the compulsory execution.
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